BT profit climbs, confirms outlook
29th Jul 2010 07:36
Telecoms leviathan BT reported a 17% rise in pre-tax profits in the first quarter and reiterated its full year outlook. The firm also said that it is in talks with the government over plans to cut public spending. "The UK government's recent announcement of spending cuts represents both opportunit
Read moreBT Talking To UK Govt About Spending Cuts; Confirms Outlook
29th Jul 2010 07:28
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Telecommunications firm BT Group PLC (BT.A.LN) said Thursday it is in discussions with the U.K. government over plans to slash public spending, as it reiterated its full-year outlook. BT, whose exposure to U.K. government sp
Read moreBSkyB Earnings, Sales Up On Strong Consumer Demand
29th Jul 2010 07:14
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Takeover target British Sky Broadcasting Group PLC (BSY.LN) Thursday reported solid fourth-quarter earnings and sales, bolstered by the take-up of its high-definition television offer. Chief Executive Jeremy Darroch said it
Read moreBSkyB Confirms Consumer 3D TV Channel Launch
28th Jul 2010 18:34
By Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British Sky Broadcasting Group PLC (BSY.LN) Wednesday confirmed it plans to launch a 3D television channel for consumer subscribers on Friday Oct. 1. BSkyB, the U.K.'s biggest pay-television provider, said that those customer
Read moreThursday preview: Shell, Astra, BSkyB ...
28th Jul 2010 16:54
Anglo-Dutch titan Royal Dutch Shell is the last of the major integrated oil companies to report in the current results season. Until the recent Gulf of Mexico oil spill debacle it had been languishing somewhat in the shadow of long time rival BP but the travails of its beleaguered rival has taken s
Read moreOfcom targets broadband speed claims
27th Jul 2010 12:57
Broadband speeds in the UK are increasing but not to anywhere near the levels adverts from the telecoms companies suggest, regulator Ofcom said today. In fact, the gap between the actual speeds internet browsers receive and the speed advertised is getting wider, the telecoms watchdog said. In a su
Read moreUPDATE: Tech Mahindra 1Q Net Profit Up 9.1%, But Misses Forecast
26th Jul 2010 15:03
(Adds comments from executives, details, background.) By Kenan Machado and Dhanya Ann Thoppil Of DOW JONES NEWSWIRES BANGALORE (Dow Jones)--Tech Mahindra Ltd.'s (532755.BY) first-quarter net profit Monday rose 9.1% from a year earlier because of lower interest expenses, but the softwar
Read moreBT Group All Resolutions Approved At AGM
23rd Jul 2010 17:28
LONDON (Dow Jones)-- BT Group PLC (BT.A.LN), a communications services company announced Friday at its AGM that all resolutions have been approved, including resolution 2, approving the remuneration report for the year ended March 31, which was passed at 93.6%. MAIN FACTS: -Shares closed Fri
Read moreLondon close: Flat finish for Footsie
23rd Jul 2010 16:58
The day that was not without excitement, but shares were little changed overall amid uncertainty ahead of European banking stress tests due after the close. The best performing blue-chip was chip designer ARM Holdings . It was already higher, helped by strong results from US tech giant Microsoft ov
Read moreFinancial News: BT Holders On Hook For Bigger Pensions Bills
23rd Jul 2010 15:11
By Mark Cobley Of FINANCIAL NEWS Shareholders in BT Group PLC (BT), the telecoms group, could be lumbered with the full ongoing costs of servicing the company's GBP34 billion (EUR41 billion) pension scheme - following a regulator's initial ruling that customers cannot be asked to help pay do
Read moreLondon afternoon: KNOC ups Dana bid terms
23rd Jul 2010 14:36
Leading blue-chips continue to drift lower with investors happy to bank the week's profits ahead of the week-end and the announcement of the results of the European banking stress tests at 5:00pm today. Not surprisingly, banks feature prominently among the losers with Standard Chartered, HSBC and L
Read moreLondon midday: Equities in wait and see mode
23rd Jul 2010 12:13
Investors are keeping their powder dry ahead of the release of the European bank stress tests after the close of business today. Stocks are easier on balance, despite signs that the UK economy is picking up. Gross domestic product grew by 1.1% during the quarter according the Office of National St
Read moreMARKET TALK: UBS Raises BT Group Target; Keeps At Sell
23rd Jul 2010 10:10
0910 GMT [Dow Jones] UBS raises BT Group (BT.A.LN) target to 120p from 100p, due to stronger '11 cost savings. As a result, '11 EPS forecast rises to 17.01p from 13.72p and '12 to 17.39p from 11.59p. However, thinks strategic pressures remain, namely with regards to gross margin, capital expenditur
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
23rd Jul 2010 10:10
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0910 GMT [Dow Jones] UBS raises BT Group (BT.A.LN) target to 120p from 100p, due to stronger '11 cost savings. As a resul
Read moreProject Canvas Appoints Kip Meet As Non-Executive Chairman
23rd Jul 2010 09:50
LONDON (Dow Jones)--Project Canvas, a six-party joint venture to bring Internet content and new video-on-demand services to U.K. television, said Friday it has appointed media and telecom executive Kip Meet as its non-executive chairman. Meet's appointment comes just a few weeks after the Britis
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